Ericsson booked the top work place from real estate firm Pillar Commercial, which just bought the constructions.
When we invested in this university, we believed it truly was one of the most recognized industrial attributes in the region, and this commitment from Ericsson is a testament to that belief, Pillar CEO Manny Ybarra said Monday in a written statement.
Pillar Commercial began focusing on the Ericsson package after it had the structures under contract to purchase, a Pillar spokesman said.
Ericsson already uses up 200,000 square feet in the complex at 2201-2221 Lakeside Blvd.
The company has 1,100 employees in the old Nortel buildings.
In the past two years, Ericsson has grown from some 2,000 personnel to a lot more than 4,000 in the Dallas area, said Rob Elston, representative of external marketing communications for Ericsson North America . The new space will accommodate roughly 1,400 personnel and is in addition to our North American headquarters in Plano.
Ericssons U.S. operations are owned by the Swedish mother or father business, which is in business because the 1800s.
Mike Wyatt and Ken Johnston of Cushman & Wakefield Inc. negotiated the lease for Ericsson with Pillar Commercial.
This facility, as a result of Nortels prior investment capital purchase of the task, had among the most robust power and telecommunications infrastructure of any property in the area, Wyatt said.
Wyatt said he couldnt provide any additional details on the deal.
John Jacobs, senior second in command of economic growth with the Richardson Chamber of Commerce, said Ericsson has already established operations in the city considering that the mid-1980s.
They appear to be just about the most nutritious [firms] and a key survivor in the telecoms products business, Jacobs said.
The just-signed office lease is one of the largest in North Texas in 2011.
We check out vacant a workplace as stock we could sell, Jacobs said. Hopefully, this option can get the energy going in the Telecom Hallway.
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